Romney says he pays about 15 percent in income tax

[askmrjesus]

Originally Posted by goof2

As I understand it he would pay 15% on the million he made only if it is a long term capital gain. If selling off the machines qualifies as a capital gain (I'm not sure it would, but lets assume so for simplicity) the money would have had to be invested for more than a year before realizing the gain, otherwise it is a short term capital and taxed as regular income.

That's the beauty of the system Romney wants to expand. He takes the money he made from Dildos Inc, and re-invests it in Dildos International, and short term gains become long term gains. The dude ain't living from paycheck to paycheck. He has time to work the system to full advantage.

Originally Posted by goof2

Where you really seem to have an issue is with Dildos Inc. helpers being fired. I don't like people losing their jobs either, but the reality is Dildos Inc. is failing. Those employees are losing their jobs, its just a matter of whether it is through liquidation or bankruptcy. At least with liquidation those who Dildos Inc. owes money to don't get screwed as well.

Well, they don't get screwed as much. They're offered a percentage of the debt, and they take it, because the only other option is the left over crumbs after bankruptcy is filed, and Mitt has already sucked the capital out of the company anyway.

Yes, I have a problem with the workers being fired, but not because I'm an anti-capitalist. Far from it. I have a problem with the way Mitt does things, because he's running on a platform of restoring the middle class, when he's gone out of his way to make that status unavailable for thousands of people.

I don't need a President that wallows in corporate greed like fat girls at an all you can eat KFC buffet. I just want to show up, and find a couple of pieces of chicken left. Maybe some corn and a roll too.

I ain't asking for much.

JC